Posted on Wednesday, 16th May 2012 by Dennis Damp
My wife and I recently moved for the tenth time since we married in 1969; Seven years after I retired at age 55! We are both in our early 60s and a move at any age is STRESSFUL. We’ve been looking for many years now and found a home that covered most on our must-have […]
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| Comments (0)Posted on Thursday, 12th April 2012 by Dennis Damp
The Windfall Elimination Provision primarily affects you if you earned a pension in any job where you did not pay Social Security taxes and you also worked in other jobs long enough to qualify for a Social Security retirement or disability benefit. For example, this provision affects Social Security benefits when any part of a […]
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Posted on Saturday, 31st March 2012 by Ann Ozuna
Do you know what that divorce from years ago is going to do to your federal retirement? Even though you may be a couple of years away from retirement, early out offers and changes in retirement law may tempt you to jump ship and retire sooner than you had originally planned. That old divorce decree […]
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Posted on Saturday, 17th March 2012 by Dennis Damp
Starting in 2013 newly hired FERS employee’s retirement contributions will increase from .8 percent to 3.1 percent of salary. Originally this was intended to apply to all FERS employees. There is another vote pending in the house that proposes increasing all employees’ contributions by 1.5 percent that will be phased in over a three year […]
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Posted on Sunday, 11th March 2012 by Paul Risser
Over the years I’ve talked to many federal employees about their Thrift Savings Plan (TSP). Unfortunately most don’t have an understanding of what their options are at retirement. First, let’s discuss your current TSP allocation. Does your current allocation still meet your needs and goals? What I have found is most folks seldom reallocate investment […]
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| Comments (0)Posted on Monday, 20th February 2012 by Dennis Damp
There is much to consider before applying for Social Security. I’ll be 63 in May and my wife turns 62 this year. Do you need your Social Security card to apply? Many misplace their card and it isn’t uncommon to lose a card that you’ve had around the house for 40 years or more. You […]
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| Comments (0)Posted on Thursday, 9th February 2012 by Paul Risser
A few months ago, while meeting with a federal employee couple, I came across a story that I think is worth repeating. I’ve changed the names and some of the details, but the overall theme of the story is true. Mr. Jones was a good man and longtime CSRS government employee with many years of […]
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| Comments (0)Posted on Friday, 3rd February 2012 by Dennis Damp
For those of you not yet retired this is good to know information. A 1099-R is what retirees receive from OPM for filing your taxes. It lists your gross and taxable annuity amounts, federal and state tax withholding, healthcare premiums, and other relevant information. If you are retired and haven’t received your 1099-R yet you […]
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